As a relatively poor nation, Forlornia wants to obtain funds for a project to improve the availability of water and electricity. Forlornia should contact the International Monetary Fund.

Question

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The World Bank is primarily responsible for financing economic development. In recent years the World Bank has lent most of its funds to less-developed nations to help improve productivity and standards of living. In contrast, the International Monetary Fund is more concerned with overseeing the monetary and exchange rate policies of member nations.

As a Relatively Poor Nation, Forlornia Wants to Obtain Funds